Resale prices of private condos continued to inch up for the fourth consecutive month in May due to sustained demand, according to property analysts.
“Moreover, there is still a significant price difference between new and resale condos, which may have led buyers to choose more cost-effective options available in the resale market,” she added. For June, Yip expects buying activity to drop by 30% and settle between 600-700 units from 1,084 units last month in view of the school holidays.
Source: Education Headlines (educationheadlines.net)
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